Navistar recently announced its financial report for the fourth quarter of fiscal year 2013 (August to October 2013). Its operating income increased from US$3.179 billion in the same period of last year to US$2.751 billion, a year-on-year decrease of 13.5%. The quarterly net loss amounted to US$154 million, and the net loss for the same period last year was as high as US$2.77 billion.
Among all operations, Navier North America’s truck business lost US$355 million in the previous fiscal quarter, compared with a loss of US$396 million in the same period last year; and North America’s parts business unit’s operating profit reached US$147 million, a year-on-year increase of 43%; Global Operations Loss of $6 million; financial services business operating profit reached $17 million.
From the 2013 financial results, Navistar’s operating income totaled US$ 10.775 billion, down 15.1% from US$ 12.695 billion in the same period of last year; the cumulative loss in the previous fiscal year reached US$ 898 million, and the net loss in fiscal year 2012 was 30.1. One hundred million U.S. dollars.
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